Entrepreneurship as a Neglected Pitfall in Future Finnish Teachers’ Readiness to Teach 21st Century Competencies and Financial Literacy : Expectancies, Values, and Capability

Writers: Ranta, Mette; Kruskopf, Milla; Kortesalmi, Marilla; Kalmi, Panu; Lonka, Kirsti

https://www.mdpi.com/2227-7102/12/7/463

Abstract

The aim of this study was to examine entrepreneurship in the context of future Finnish teachers’ readiness to teach 21st century (broad-based) competencies. Teachers’ self-efficacy in teaching entrepreneurial skills and financial matters is vital for their pupils to actively participate and flourish in future society.

The study utilized survey data of future teachers’ expectancy-values in teaching seven broad-based competencies of the current national curriculum and their financial literacy.

Future teachers expressed high interest in all competencies but reported the least self-efficacy and highest cost in teaching ICT as well as working life and entrepreneurship competencies. Teaching self-efficacy (TSE) in entrepreneurial competencies was predicted by subjective evaluations of financial capability and TSE in consumer skills. Teaching STEM subjects as well as male gender were related to better objective financial knowledge.

We discuss the implications of observed financial capability, lack in self-efficacy, and high experienced cost of teaching these competencies. Support for future teachers’ readiness to teach working life skills, entrepreneurship, and financial literacy through phenomenon-based school subject collaboration, formal teacher training, and digital applications are emphasized.

Keywords: teacher training, entrepreneurial skills, financial education, self-efficacy, 21st century competencies, Finland

Mette Ranta

PhD, Title of Docent/ Associate Prof.

University Researcher in Work Package "The factors affecting young people's digital and financial skills inside and outside school"

Life course transition to adulthood, financial capability, financial well-being, positive and developmental psychology, financial stress, social relationships, quantitative methods, longitudinal research

mette.ranta@gov.fi

+358 41 510 3335

Milla Kruskopf

Researcher in Work Package "The factors affecting young people´s digital and financial skills inside and outside school"

Educational psychology, cognitive science, computational thinking, digital learning and education, teacher education, innovative learning solutions

milla.kruskopf@helsinki.fi

Talouden hallinnan tärkein taito

Panu Kalmi

Ph.D., Professor

Leader in Work Package "Game-based approaches and digital tools in financial education"

University of Vaasa, School of Accounting and Finance.

Economics, financial literacy

panu.kalmi@uwasa.fi

+358 29 449 8528

Kirsti Lonka

Ph.D., Professor

Leader in Work Package "The factors affecting young people's digital and financial skills inside and outside school"

Educational psychology, digital learning and education, psychology of learning and motivation (adults and youth), teacher education, innovative learning solutions

kirsti.lonka@helsinki.fi

+358 50 318 2181

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